Pop singer Shakira settles Spanish tax fraud case with $7.5 million fine to avoid jail term
The singer is accused of not paying $15.8 million in tax in Spain between 2012 and 2014. She appeared before the court on Monday, where she said 'yes' to confirm her acknowledgment of six counts of failing to pay the Spanish government 14.5 million euros (about $15.8 million) in taxes, the agency reported. Key Points
Business TodayIndian Railways switching tracks to AC 3-tier seats, grow capacity by 163% in decade since 2012
AC 3-tier seats account for third of Railways' earnings. In contrast, overall number of seats have risen by just 42.6%. This is gradually changing profile of people travelling by trains. Key Points
ThePrintCBDT signs 95 APAs in FY'23, highest ever since launch
The Income Tax department in India has achieved a record-high number of 95 advance pricing agreements (APA) signed in the financial year 2022-23. This marks the highest number of APA signings since the program's launch in 2012. The APA program, initiated by the Central Board of Direct Taxes (CBDT), aims to create an investor-friendly and non-adversarial tax regime in the country. Key Points
Economic TimesLondon new home sales tumble to lowest since 2012 as rates weigh: Report
London new-home sales have fallen to their lowest level in over a decade, with just over 3,000 new homes sold between April and June. The decrease in sales is attributed to surging borrowing costs and a decrease in overseas buyers, particularly from Hong Kong. Key Points
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